Intermediate Accounting, 17e Rockford Practice Set
17th Edition
ISBN: 9781119621133
Author: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Publisher: WILEY
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General accounting
A company reported an increase in net sales from $5.2
billion in 2021 to $5.8 billion in 2022. During the same
period, its gross profit rose from $1.6 billion in 2021 to
$1.9 billion in 2022.
Calculate the gross profit percentage for each year.
Financial Accounting
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